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UltraTech Cement Q4 results: PAT rises 61.5% YoY to Rs 1,778 cr, beats estimates; firm to pay Rs 37 dividend

MUMBAI: Cement Ltd today reported a 61.5 per cent year-on-year rise in net profit to Rs 1,778 crore, which was slightly higher than analysts’ estimates.

The company’s topline soared 34.6 per cent on-year in the quarter to Rs 13,784 crore, reflecting the strong demand and pricing conditions for the industry. “UltraTech’s recovery from the Covid-19 led disruption of the economy during FY21 has been rapid,” the company said.

“While rural and semi-urban housing continue to drive growth, pick-up in government led infrastructure aided incremental cement demand. Pent-up urban demand is also expected to improve,” the company said.

The cement maker’s profit before interest, tax, depreciation and amortization surged 45 per cent on a year-on-year basis to Rs 3,597 crore in the reporting quarter.

The ‘overheads control programme’, prudent working capital management and control on cash flows were the main drivers, aided by quick revival of demand and supply-side restoration, the company said.

The company’s board also approved Rs 37 per share final dividend for the financial year ended March.

For the full year, the company’s revenue from operations grew 6.6 per cent to Rs 42,677 crore, while net profit jumped 46 per cent to Rs 5,342 crore.

Shares of the company on Friday ended 1.6 per cent higher at Rs 6,506.2 on the National Stock Exchange.

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